Sunday, 16 February 2014

Financial Fuss - Minimum Wage and Living Withing Your Means

Hey folks,

I'm here to give you my perspective on the current minimum wage debates and the societally-accepted bullshit that I'd like to call "the age of entitlement".

Age of Entitlement:

Entitle: To furnish with grounds for laying claim... To put that a little more simply, since it's a bit of a 'frilly' definition... Being entitled is the act of believing that you are owed, or deserving of something for one reason or other. Based on that definition I suppose I should call our current time period the Western age of universal entitlement but I think the Age of Entitlement will do.

What I mean to say by this is that people seem to feel that they, purely by their existence, are entitled, or deserving of everything that life has to offer, regardless of their financial position. People say that they 'need' the best, newest, shiniest things in life when really, the world doesn't own you anything at all. It is these same people, and this general mindset that gave the banks their ridiculous power, which ultimately led to the economic collapse.

You see, when people feel entitled, they tend to act upon that feeling. This leads them to buying things they can't afford which then causes them to demand higher wages, more benefits so on and so forth. These people will also then claim, that these better wages and benefits are a "necessity" and stir up a rather considerable fuss in order to get what they want. This is where the modern day worker's union came into being, but that's likely a discussion best left for another article.

The main point that should be understood before moving forward is this... People need to get their heads out of their asses and accept that they can't get everything they want... Should be simple but God-knows it's not how enough people think.

Minimum Wage Increase:

Personally, I support what I'd like to call a "Practical Minimum Wage", one that actually makes sense. You may be asking "what makes sense" and I would reply with this...

A "practical" minimum wage is one that is tied to the cost of living which is tied to inflation. Such a wage would be the minimum wage upon which an individual can sustain themselves while working a 40 hour work week. 

There are many who disagree with my view, and I understand that, it's the way of the world. What I don't understand is HOW these people can disagree. If you work a 'typical' work week, which isn't exactly typical at all anymore, why should you still come in below the poverty line? Why should the simple basics of food and shelter be beyond your reach? Some people have said that "students don't need to make $14/hr"... And that bugs me considering if they're doing the same work, they deserve the same hourly pay regardless of their age or that fact that they're in highschool. Some highschool students HAVE to work so that their family doesn't starve, or get kicked out onto the street.

To me it's quite simple, as are most things in theory and I understand that. People argue that it would chase away business, despite the proven fact that a fairly-paid worker produces better results which more than compensate for the wages they are paid. I'd like to say that there are more arguments but that is by a LARGE margin the most popular one going, and it happens to be wrong or at the very least ill-informed.

The Wrap-Up:

Despite my strong feelings I would like to hear your opinions, regardless of what they may be. Whether you agree or disagree with me on my claims that people are far too entitled, or that the minimum wage should be tied to cost of living, I would like to hear your opinion and why it is that you believe as you do.

Until the comments come in, or I feel inclined to write another article however...

Enjoy your swim!

Joshua J. Taylor

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